by Dan Mitchell | Jul 17, 2021 | Big Government, Blogs, Taxation, Trade
I’ve been warning, over and over and over again, that a European-style welfare state means huge tax increases on ordinary people. Simply stated, there are not enough rich people to finance big government...
by Dan Mitchell | Jul 14, 2021 | Big Government, Blogs, Economics, Socialism
Part I of this series looked at socialism’s track record of failure, while Part II pointed out that greater levels of socialism lead to greater levels of misery. For Part III, let’s start with this video on the economics of socialism. If the world was...
by Dan Mitchell | Jul 11, 2021 | Big Government, Blogs, Government Spending
President Biden pushed through $1.9 trillion of new spending earlier this year, but that so-called stimulus plan was mostly for one-time giveaways. As I warn in this recent discussion on Denver’s KHOW, we should be much more worried about his proposals to permanently...
by Dan Mitchell | Jul 3, 2021 | Big Government, Blogs, Government Spending
I’m not optimist about America’s fiscal future. Thanks primarily to entitlement programs, the long-run outlook shows an ever-increasing burden of government spending. And rather than hit the brakes, Biden wants to step on the gas with new giveaways,...
by Dan Mitchell | Jun 19, 2021 | Big Government, Blogs, Economics, Government Spending
Back in 2009 and 2010, when I had less gray hair, I narrated a four-part series on the economic burden of government spending. Here’s Part II, which discusses the theoretical reasons why big government reduces prosperity. I provide eight examples to...
